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Price Applauds President's Call for "Seed Corn" Investments


Location: Washington, DC

Representative David Price (NC-04) released the following statement today after President Obama released his FY2014 Budget Proposal.

"I applaud President Obama's emphasis on investments in education, infrastructure and research. These investments are our seed corn--they help the American people by growing jobs at home, and they position our country to succeed in the global economy. I also support the President's push to replace across-the-board sequestration cuts with deficit reduction that makes sense. Republicans have gotten so focused on the bottom line that they've forgotten all spending cuts aren't created equal--until they hit programs such as Military Tuition Assistance for our active-duty troops, or on-site meat inspections, or Medicare oncology treatments. That is no way to make budget policy.

"At its most basic, a budget is a statement of our priorities and values. The President's call for renewed investment in our people and carefully targeted deficit reduction stands in sharp contrast to the Republican budget.

"The President's budget is not only fair; it's a good faith effort to find agreement with Congress on our broader budget questions. Despite Democratic concerns, the President has included specific elements that are based on key Republicans requests. I oppose the 'Chained CPI' in particular, but I give the President credit for signaling a good-faith intention to negotiate seriously. Any deficit reduction plan must take a balanced approach, including revenue increases, overall spending cuts, and targeted investments.

"The President's budget is an important starting point. It is time for Republicans to come to the table."

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